How to Start a Multi-Commodity Cold Storage Business in India
1. Market analysis and feasibility assessment: Recognize the Market Do extensive market research to determine the need for cold storage in your target area before launching your firm. Determine which essential goods—such as fruits, vegetables, dairy products, meat, seafood, and pharmaceuticals—need to be kept cool. d Study of Feasibility Analyze your project's viability by looking at things like supply chain gaps and local demand. close proximity to farms, production facilities, and warehouses. examination of competitors and market saturation. Compliances with regulations and requirements. 2. A business strategy: Establish Your Business Model. Choose if you wish to specialize in one kind of perishable good or provide a variety of them. Describe your company plan, incorporating: Provided services (warehousing, packing, transportation, etc.). Approach to pricing. market segments to aim for. Budgeting Create a thorough financial plan that addresses the following: Initial capital ...